Sunday, December 29, 2019 9:41:48 AM
2. Management: This is a management with strengths and weaknesses. It's strength is its smarts, ability to fight through the battle that comes with running a start-up, and their focus. Their weaknesses are: they are newbies trying to figure things out on the fly; a very light ability to raise money, and their lack of communication.
Having lived in Israel I am not surprised at the latter. Keeping things close to the chest is a wise thing to do in that part of the world. That being said, it is time for management to recognize shareholders are key partners.
I, for one, have been in for the long-run. I'm delighted the RS was voted again. I am not concerned with 150 million shares finding their way into this movement as OWCP has shown it can take it. My concern is management managing all parties and all moves, as the stock moves forward in a professional manner. This is a sensitive time for OWCP and somewhat of a chess game. What's the next move? How do they play it? Is this a short-game or a long-run for them?
So lots of luck to us as we head in 2020. Diversify your portfolio and set your risk-reward. My guess is OWCP runs and then....boom! It's sold. This an entrepreneurial stock.
Happy New Year!
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